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to all the prognostications out of washington on the fiscal cliff. what do you make of that? are we becoming complacent? are we immune? what are you talking about on the floor? >> we just had the president speak. nothing there. china numbers tomorrow. then germany. maybe nothing there. i think everybody wants to fast forward to tuesday. they want to see what happens after operation twist expires. they want to see what bernanke said at 2:00. that's what we're looking at. >> we're always waiting around for something to happen. and if you wait around and climb this wall of worry, right, don't you sometimes miss out? >> i think you're right. and i think that we do expect something here this wednesday. and if we don't get that $45 billion a month program that actually creates money supply, i think you might see a little selloff. but i think it's priced in at this point. so i think we do have a big question mark here. but it may be answered this week. i think that's what traders are focused on. it's a big last three days after a quiet two days this week. >> i want to ask rick about that i
council in washington at 10:45 eastern as he pushes for a budget plan to avoid the fiscal cliff, that includes high tax rates for the wealthy. house republicans are meeting with small business owners today. lawmakers are divided on how much they should compromise with the white house. this is a day after the house speaker john boehner unveiled a budget proposal that included some revenue concession but he faced heavy criticism. mitch mcconnell wouldn't publicly endorse boehner's plan, while jim demint says it would destroy jobs. at the same time, the kkr co-chairman and ceo henry kravis says uncertainty is the main reason why investing isn't happening right now. he says many companies are rushing to close deals before the end of the year, concerns about whether the capital gains tax will rise. he says the fiscal cliff shouldn't be a big issue, and if businessmen got into the room they could solve the problem much faster than congress. >>> adding his tuppence, he says they'll have to get used to it and the fiscal cliff is one of the reasons. >> we have structural influences that
of projects on hold, though, fiscal cliff. yep, the obstacle is washington all because of the need to sock it to the 2% not the 1.5% and the over 400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to grover norquist. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financial disaster, they know nothing. shawn in illinois. shawn? >> caller: hello, jim. >> what's up, chief? >> caller: from chicago land. >> done. speak to me. >> caller: -- for some time now, and i just heard a report that their sales revenue from call of duty black ops 2 has topped $1 billion in 15 days. and for the entire "call of duty" franchise has surpassed even "star wars." that's huge, and my q
to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the debt campaign, co-chair of fiscal responsibility and reform was asked about the progress he thinks both sides were making. >> i think the atmospherics are getting so much better. we've kind of gotten out of the ka kooky theater and gone to dancing the tango with those two guys. any time you start to tango you got a chance. >> joining us this morning from newton, mass, greg manke, economic adviser to the romney campaign, former chair of economic advisers under george w. bush now an economics prof s professor at harvard and ron johnson, director at the institute for new economic thinking and a senior fellow at the roosevelt institute. skwre
cliff and what it's doing for hiring, or the lack of it. and speaking of the fiscal cliff, let me say to washington, no vacation without legislation. we will be virtually monitoring airports to see which legislators are leaving town now that the vacation is supposed to begin. you know what? if we don't have a deal by this vacation, or a pledge not to go away, then the odds go to -- down to 50-50 that we'll get one before the end of the year. and then we may only get one when people look at their take-home play and have a collective bout of nausea from a recognition that there was a fiscal cliff all along and we were just pushed over it. that's how much your paycheck's going to shrink. here's the bottom line. let's hope for the best that our politicians move in the right direction. something we can see as early as sunday morning when they appear on the major political talk shows like "meet the press." but we'll be preparing for the worst. >> the house of pain! >> that our lawmakers go home for the holidays, meaning we will likely go over the cliff and nothing will be done about it unti
cliff, live from washington, starts now. >>> america, we're on the edge of the fiscal cliff. billions are at stake. and your money hangs in the balance. while washington quarrels with itself, time is slipping away. the only solution for our government to put differences aside and put real compromise on the table. rise beyond disparity. rise past adversity. rise above. this is a cnbc special report. mission critical. rise above dc. >> our special mission critical rise above dc coverage continues right now. all day long we are here in washington holding lawmakers' feet to the fire on the fiscal cliff. here's what we know right now. in terms of some of the moments from this morning, senator mark warner from virginia saying compared to the size of our economy and the drastic steps that have been taken in other countries the current proposals are relatively small and government should just step up and get a deal done. senator bob corker, though, hesitant about signing any deal if there's not some sort of agreement about increasing revenue. he says there's no guarantee enough will be done a
. ♪ host: we will spend about two hours this morning on the "washington journal" talking about the fiscal cliff. we want to start off hearing from you on a different topic. what do you think about hillary clinton's future and her running for president in 2016? that is our question this morning on the "washington journal." you can start dialing in now, or you can contact us via social media. you can make a comment on our facebook page. you can also send us an e-mail. from "the hill" newspaper yesterday -- a new poll by abc news and "the washington post." 57% say they support a presidential bid from every clinton in 2016. -- from hillary clinton in 2016. 68% approved of her work as secretary of state. 66% hold a favorable view of clinton after her department has faced criticism over the handling of benghazi and libya. clinton also has heavy support in new york were 54% of registered voters say they would support a presidential bid by her in 2016. that is an "the hill" newspaper. we have lots of facebook comments already on this question. we want to share a couple of those with thieu. jackie
driving us to the fiscal cliff? chris and senior writer for the weekly standard, steven hayes the guests here tonight. we begin with the dictator trying to maintain command of the country using chemical weapons as a deterrent. fox news chief washington correspondent james rosen has the latest for us in this report. >> a regime helicopter captured in the skies in syria in a video unloads something, most likely, a defensive flair to detour antirebel runners, but that epitomizes the fear of which the serian people now live. rebel forces taking the flight to the assad regime inside the capital with a deadly explosion in the arab red crescent building outside the city. >> it's very clear the regime forces are being grounded down and that they are losing. >> in seeking to squash the uprising, he killed 40,000 people. president obama's top aids feel the fightg takes on a more gruesome character. >> we remain very concerned, very concern that as the opposition advances, i particular on damascus, that the regime might very well consider the use of chemical weapons. >> senior u.s. officials confir
on what's happening with the fiscal cliff out of washington, the bank of england leaving its interest rate unchanged. at this point we're a few weeks away from the end of the year. money managers have an uncanny ability to drive stocks higher allowing them to claim quarterly performances that attract more money and higher fees. the practice is illegal but experts say that a sudden spike is a deliberate distortion of prices. as you'd expect window dressing is more common with thinly traded stocks and among the names of stocks appear to have been used as window companies, iridex, carver bancorps, altagen and legaga holdings. the next day the stock gives back some percentage of the gains, at least 3%. >>> the parade of companies announcing dividend changes continues because of all the uncertainty surrounding the fiscal cliff. cme group declared an annual variable dividend of $1.30 a share and accelerating the timing into the current quarter.'s sporting goods is announcing a cash dividend of $2 a share and says cfo tim coleman is retiring. >>> zynga -- i like to say that, zynga is filing prepa
today, you know, what's going on in washington and, you know, with this fiscal cliff and, you know, what the impact will be of it. >> well, it's an important point. how is the project funded? where did you source the funding for the development? >> that's one of today's challenges. you don't get to the same costs you would typically get them. it requires more equity and piecing together the banks to put together a loan of the size needed for this. probably our greatest challenge would be -- because we're looking to build. this is only 1,700,000 square feet, in the first phase 6 1/2 million, where's the rest of the capacity to come from for the construction loans that we need? >> the banks were the first source? >> yeah. >> and we're looking at other sources going forward that are kind of unconventional. you have to think outside the box. >> oh, definitely. >> in order to do a job like this today. >> what kind of unconventional sources? >> well, you have a lot of these public reits, you know, that are looking for greater yields, so it's the whole period, i don't know how you do constructi
of the fiscal cliff. billions are at stake. and your money hangs in the balance. while washington quarrels with itself, time is slipping away. the only solution for our government to put differences aside, and put real compromise on the table. rise beyond disparity. rise past adversity. rise above. this is a cnbc special report, mission critical, rise above d.c. >> welcome back, everyone. our special mission critical rise above d.c. coverage continues. i'm becky quick along with jim cramer. we are live from capitol hill today, encouraging lawmakers to try and rise above gridlock and reach a deal on the fiscal cliff. here's what we know at this point. there are private, but quiet, talks going on between the obama administration and house speaker boehner's office. those talks are continuing. but again we have just 20 days left. we were just joined by senator ron johnson from wisconsin who said that we have to focus on business tax reform. and in the last hour we had texas congressman jeb hensarling who added no republican wants to raise taxes, but hensarling says he doesn't know how we can h
&p are looking to finish the week on a winning note despite the lack of progress in washington on the fiscal cliff. the nasdaq continues to be dragged down by apple. >> apple's had a tough week. we'll get into that coming up. we're still looking for a deal on capitol hill, surprise, surprise. all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at 1416. with less than an hour to go in the trading week, another week without a deal to avoid going over the fiscal cliff. while today's positive jobs report did give markets a boost early on, it wasn't enough to get a significant rally going and to continue it on. so what's it going to take to get some conviction bac
to the conversation on the fiscal cliff this morning from the washington journal and a look at how the business is might be affected. of >>> let's begin with what iss bi comeess and how does it t: about?t's >> guest: is an organization with a simple mission. our job is trying to make it ist easier for business leaders inon about country that care about policy issues but don't have a washington office or don't havea town spe to speak out on the issuesak of the public policy. >> host: so, is this a brand-new organization? >> guest: even a route for years three and a half supported by some of the biggest companies in c the world, but o- business leaders are around the country. we go out to small business owners and entrepreneurs and venture capitalists and try to o get them g more involved in the policy-making process. we so what we do isbring administrn officials, members of congress, governors out to cities around the country to do briefings with business leaders. we also bring those business leaders to washington and the president's economic team and tell them how to grow jobs and help the eco
expenditures. washington journal is live every day at 7:00 a.m. eastern. our coverage of the fiscal cliff has reached speaking with the house speaker and the minority leader. president obama speech to members of the business roundtable about the negotiations and the economy. he told ceos he would not negotiate. because of technical problems, we can only show you part of his remarks. >> we are grateful for both the electricity and the engagement we have had with members of your team. i know your team has really reached out significantly over the last few months to many people in this room and i know personally, the outreach to us is genuine and we know you are seeking solutions. but that was outlined very sincerely this morning when we met with jack and the rest of the team. i hope you get the same sense of purpose and commitment from us as we engage with you. there aren't a lot of wallflowers' in here. we are eager for a two-way exchange nonetheless. hopefully your take away would be to have a useful purpose in the dialogue. mr. president, thank you for joining us today. [applause] >> good mo
. >>> washington may be debating tax increases and spending cuts to reach a deal on the fiscal cliff. but use that debate as an economic one, says our next guest. chairman of the council of economic advisers under george w. bush and adviser to presidential candidate mitt romney. he's in new york city this morning. glenn, great to see you. >> good morning. likewise. >> what exactly does that mean? because of the context of higher taxes, and spending cuts, you would think there would be an economic impact. how can it not involve economics? >> well, there's certainly an economic impact. my point was just that the real issue for us is that our budget rules were designed for a different set of problems. you know, historically, movements in debt were about war and peace. you borrowed money to fight a war, you paid it off in peace time. now we're talking about the rise of the entitlement states. social security and medicare. we need different budget rules. this isn't just about a fiscal cliff. >> the demographics don't exactly help the problem either. we're in a time when the population is getting o
is happening because people have looked over the fiscal cliff and weren't terrified by what they saw. i hope they don't mind government intervention. because they are not going away. i hope that because what i heard in washington today were two sides even though i can tell them that a deal would be done and there would be no vacation without legislation, we'd be in much better shape. i have to tell you, the situation in washington is as discouraging. one after another i started with a too tack. i said let's go there. i said i totally agree the issue of spending not revenues. tell us what you have done to get spending done. did they give you the fellow traveler ideas? no. they attacked the president. each time when i asked for ideas on what to cut. like right now. like every other country in the north does, like pulling back on positions from our army. i got the same response. it is the president's fault. i might have well have been a mannequin. they he want to talk about raising taxes of the rich. but it can't be dismissed as part of the mosaic that will get the government out of the commiss
-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork for the 2013 and 2014 elections. lives on sunday at 10:00 a.m. eastern. next, a quick look at president obama and the first family last week at the national christmas tree lighting ceremony. ♪ [applause] >> merry christmas, everybody! >> it is great to see you all. happy holidays. happy holidays, mr. president. >> is it time? i think it's time. i hope everybody is ready. we have to do the countdown. starting with five. 5, 4, 3, 2, 1. [cheers] ♪ >> merry christmas, everybody. ♪ >> please welcome the director of washington and st. john's church. >> let us about our heads in prayer. let us prey. gracious god who has blessed us with this good land for our heritage, we h
's going to allow us to avoid the fiscal cliff? and if that's true, we think that's not only good for the u.s. economy, we also think that's positive for the global economy. >> have you weighed in in washington? did the leaders know your view on things? >> yeah, i think you saw at the business round table that i participated in that group there was a lot of coverage of it the last day or two. the position we've taken in borrowing your by line, this is a time for legislation, not for vacation. and it is critical that we get this compromise done. it's not about declaring winners and losers, it's about finding a solution for the united states which is good for employees and is good for retirees. it's good for investment and takes care of the unemployed. that can be done. we've done this before. we believe that we need to all bring our pressure and our support to our elected officials to get that deal done before year end. >> do you think that there's any real commitment to cutting spending by the president? >> i believe that all the parties involved in this transaction, and as you pointed it's
of the fiscal cliff and how much it plays into the news media. at this point maybe that's a sign for washington, guys, hurry up and get something done, because this really is starting to matter. >> can't emergency until maybe just recently did anyone really said, wow, am i going to get junior this gift? >> everything we talked about is how consumers were still hanging in. but it's two-thirds of the economy. >> a couple weeks ago, consumers and businesses alike weren't really investing. they were only spending exactly what they had to to sort of get themselves to the end of the year and that any longer-term investment really wasn't happening. they were putting it on hold. >> where are you on the aussie discharge? >> oh, no. >> the ones who called up and crank called -- >> well, i do believe that, you know, they had to think that they weren't going to get through. i made a prank call in my day and most of the time they find you out or hang up on you right away. >> initially there was the piling on, and it's the twitter sphere and really, it's very sad that this individual -- >> no one could have
in washington where tonight we're no closer to compromise on a deal to avoid that show called fiscal cliff. >> it was also warm in the nation's capital despite the chill between democrats and republicans. >> president obama dug in his heels insisting on tax increase or higher earners. >> and they both agree he that the other's proposals are ridiculous. >> just a sampling of the coverage this week as the media keep a watch on what's done or not to avert the fiscal cliff. >> jim shall the overriding theme in the media seems to be that president obama won the election and therefore should do what he wants and the media seems to forget na john boehner and everyone else won their elections as well and they're a co-equal branch of government. >> i think the media loves the story of president obama's comeback and the new york time describes him as disciplined and unyielding and focused on this and i think there are other media stories as well. the second media story or narrative. which one wants to grow by virtue of the tax increases and get new perspective from the mainstream media and the third
on in town. in washington news, both parties hinting at renewed talks on the fiscal cliff. the acknowledgement of open lines of communication passed for encouraging news. a new survey finds more than 60% of leading investment professionals predict a shorp stock decline in the market if the government fails to come up with a deal. in this case defined as a more than 10% drop in the dow. 56% surveyed foresee a deal to avoid the cliff by year end, 44% predict failure in the ongoing negotiations. as for corporate america, through yesterday's close, there have been # 70 announcements of special dividends. these special difference deebds are valueded a more than $30.1 billion. among the latest names, mcgraw hill will pay a special dividends of $2.50 a share before year end. and drop its previously announced plan to buy back up to $200 million more of stock this year. >> everybody's paid their dividends this year, so they won't be paying them next year. >> this is a major issue. what's going to happen is -- we have two great economists onset. but that money will get annualized, s
. >>> accomplice cal experts say this could be the critical week in efforts to prevent the so-called fiscal cliff. danielle lee is on capitol hill, where lawmakers appear to be edging closer to an agreement. >> it's crunch time here in washington. analysts say president obama and speaker boehner have until the end of the week to reach a deal if lawmakers will get it passed by the friday before christmas. as a diesel engine plant, president obama stood his ground on the fiscal cliff. >> all congress needs to do is pass a law that would prehaven't a tax hike on the first $250 of everybody's income. >> the latest campaign stop had an announcement. business leaders warn this time of investment will suffer without a deal to avoid billions in tax increases and spending cuts next year. >> we have more than -- i think 103 ceos in town last week. the message was sit down, work it out. back in washington there's new momentum. yesterday p many p.m. and house speaker john boehner met one on one for the first time this year. then today staffers continued the private negotiations. the sooner the better, we all
the fiscal cliff. the leaders i talked to today know their actions will take us over the cliff. i understand there is now perception among the media that the man who got every republican to pledge no new taxes is spent. the no tax increase republicans regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't really believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough garrets to force us over the cliff. given that the president is not going to let up. got a question either people don't know about the cliff or they believe that a deal will be done. and they that they have fulfilled the norquist pledge. where were the republicans when they refused to pay for the wars, cut taxes, took money from the chinese two, why didn't republicans press for spending cuts when the president extended the tax cuts? and why doesn't the president offer spending cuts to medicare and defense and social security? how about weapons progr
giving you opinion about whether or not we're going off the fiscal cliff, blah, blah blah. and i said the democrats tend to be the responsible party in terms of wanting to govern and then bill says because they hate it, and i say right. why would you make some big operate well that you don't like. >> you are a couple of marksists. >> what did reagan say? the government is the problem. >> right. they don't like the government. >> and i don't suppose the government is anything anybody would ever want to strangle in the bathtub. >> stephanie: no. all right. let's dive in to right-wing world. [♪ circus music ♪] >> stephanie: all right. rush limbaugh. >> folks i'm a little worn-out fed up and very inpatient with these ongoing assaults on the people who work in this country. the current disaster is not teaching people a lesson, nothing will. we're not teaching people to be productive, and instead we're teaching them that there is nothing wrong with being slovenly. it is stupid, it's what they did in the soviet union. kill ambition. to hell with that. >> stephanie: wow,
really interesting. washington is so obsessed right now with the fiscal cliff, myself included. what is happening with the budget showdown. yet they -- the polling seems to indicate that job creation and and the state of the economy remain, you know, their main concern. go ahead, todd. >> i think they go hand in hand because from a business perspective certainly, large corporations are sitting on lots of cash. they're not investing right now because they're unsure of the future, not just the economic future, but also the future of tax policy in all the rest of that. and all of that is tied in hand to hand. that is, to some degree, keeping the economy back. if we can reach some sort of a deal where we are not coming to blows over six months or year on what policy will look like for another six months, that will give us a lot of confidence and create the kind of government that people say they want. i'm not so sure there is really a bifurcation between what washington is focused on a more people said they want because i do think all of it ultimately is about jobs and economic growth. >
for this country to lead. this is an opportunity for the president to lead. >> as fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses as negotiations or lack thereof over the fiscal cliff continue. >> did you see that the nbc white house team is reporting the belief that perhaps the republicans don't have the fight in them anymore to really dig in now on the concessions on the way which is good news if you don't want to go over the fiscal cliff but they are dispelling the real argument for late
's assume we go through the fiscal cliff, and i want to ask susan about this first. immigration, corporate tax reform, and investments. immigration, you are not going to do just the dream act, you either do comprehensive immigration or you don't. we have learned, we had a chance to do it, george bush, john mccain, ted ken dirks both wings came and decide they had were going to sabotage it. yeah, maybe the republicans learned a lesson this time but i am a not sure how much. corporate tax reform, sounds great. i covered the 1985-1986 act. the way that was financed was through the corporate tax increased. they have the most skillful treasury secretary around and people on both sides willing to work with the white house and congress, doesn't exist today. and thirdly, when you talk about infrastructure spending investments and spending things to be done with n.i.h. and national science foundation and the like, all the talk now is about debt. it's not about any -- >> we are going to be going into a conversation on -- >> how do you do what glenn's very am beneficiaries -- ambitious envisions. >>
single day percentage loss in four years. is it still a buy? and then the fiscal cliff blame game, new data on who americans blame for the gridlock in washington plus is congressional leadership holding up negotiations in d.c.? former senator, co-chair of the campaign to fix the debt judd gregg is here with his take on that. the death cross is on for what was once the favorite name apple, shares rebounding back to 547. is this finally the opportunity to get in? alex gauna is an analyst with jmp securities. good to have you with us. >> good morning, thank you. >> a lot of discussion how technically some defenders say apple is exacting exactly as it should. do you see it that way? >> technically i think the dangerous thing is this stock forms a head and shoulders and i don't know where the support comes in, somewhere in the 400s. that's a key risk to the stock. i focus on the fundamentals. it's worrisome in the near term for apple. when there's a lot behind that, the relationship with samsung the frenemy relationship has gone to enemy. also the closing competitive gap between apple and r
. >>> everyone involved in these markets become a real negative nancy. and it makes sense, the fiscal cliff nears, only 26 days away, many have thrown in the towel and this being the most wonderful time of the year. however, don't lose all hope. while we wait for washington to rise above and enjoy the long weekend, remember, no vacation without legislation. you can get a head start preparing your portfolio for whatever lies ahead, making sure you're diversified, keeping your chin up, your homework going, you call, you tweet me @jimcramer. you tell me your top five holdings and i'll tell you if it's diversified enough or if you need to mix it up a little. let's start with a tweet. tonight from @tom, who writes, clean energy fuel, groupon, broadcom and -- wow, am i diversified. you can be diversified but also be really -- have some really bad stocks, and, oh, doctor. anyway. all right. groupon, i got the mani pedi coupon this morning, i wanted to leave "squawk on the street" because they offered me three in one day for half value. but i don't know what it is, so i stayed and did the job. all right.
of the so-called phis fiscal cliff. we look at the unemployment benefits. our first gets is josh boak. and michael -- washington journal is live every day on c-span at 7:00 a.m. eastern. >>> we have had the explosions of knowledge. but we have not coordinated care and these all these services we have end up having so many cracks that the cracks are as harmful as the diseases that we're treated. so you to step back and ask, you know, are we hurting people overall? on a global level? what are we doing sometimes? and of course now we have the institute reinforcing 30% of everything we do may not be necessary in health care? when we step back, 30% of all the medications we prescribe, the test we order, the procedures? in is something, i think, which is for the first time really being called out as a problem. >> dysfunction in the u.s. health care industry. dr. marty on what hospitals won't tell you the latest is "unaccountable" saturday night at 10:00 eastern on c-span2. >>> in the address to his nation, following days of anti-government protests and violence, egyptian president mohammad
week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. cordal. we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. you know, where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not physicianing our problem. frankly, it's making it worse. on top of that, the president wants to raise tax rates on many s
came early. [ applause ] >> stephanie: what? what are your latest thoughts on the fiscal cliff clavin as we call it? >> well, i think we have a lot to learn from what i would call the fiscal spliff from washington state. legalization of marijuana adds to the state's coffers or costs the federal government an equal amount of money to police it from a distance, that's going to be the curious one. so far as the fiscal cliff the dumbest thing -- the republicans are in a situation where you know they're giving two pages of -- we want this. remember, we just -- they're torn out like perforated from the paul ryan plan. they bring them in. okay, tomorrow we'll come back with more. these are the same pages only they have -- is that bourbon on them? >> stephanie: bourbon and cheeto stains on them. >> the truth is -- i think charlie pierce touched on it before. the dumb thing is that they don't immediately go for the middle class tax cuts and let those go through. but they can't give any ground and that, i think proves
dealing with the fiscal cliff. an estimated 11 million undocumented immigrants are currently living in the u.s. we're back after the break. stay with us. (vo) this friday current tv presents a special event. >> nobody knows disasters like comedians. that's why for my upcoming benefit for victims of hurricane sandy, i booked the strongest, smartest comics i could find. my comedian friends and i will raise money to rebuild homes and lives one laugh at a time. so tune in next friday for my all star comedy special. >> together we can get new yorkers back to yelling at strangers and ignoring our friends. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ ma
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